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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Indian Oil Corporation Limited    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
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Delayed Quote. Delayed NSE India Stock Exchange - 09/24 07:10:28 am
72 INR   -5.20%
02:25pIndia's August crude processing drops as raging virus cases dim demand
RE
07:08aFire-hit supertanker owner to pay $1.8 million for Sri Lanka's help
RE
09/21Indian Oil Corp reviews refinery expansion plans
RE
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Salvage team working to stop fuel leak from fire-hit supertanker

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09/11/2020 | 03:55am EDT

COLOMBO/NEW DELHI, Sept 11 (Reuters) - A salvage team is still trying to plug a fuel leak from the fire-stricken New Diamond oil supertanker, Sri Lankan Navy spokesman Indika de Silva said on Friday.

The tanker, which is carrying the about 2 million barrels of oil, caught fire on Sept. 3 and is currently 45 nautical miles (83 km), off Sri Lanka's east coast.

The fire has been extinguished but the New Diamond has left two long trails of fuel oil after the Navy towed it out to sea.

Authorities want to avoid damage to the coast line like that suffered by Mauritius after the Japanese bulk carrier MV Wakashio struck a coral reef off the Indian Ocean island on July 25 and began spilling oil on Aug. 6.

"Salvage operations are continuing. The engine room has been de-smoked. They have identified the bunker oil tank that is leaking. The next step is to empty it and then to repair the leak," de Silva said.

He said the cargo of crude oil remains intact. The stricken vessel has raised fears of an environmental disaster.

Sri Lanka's Marine Environment Protection Authority (MEPA) has said it plans to take action against the ship's owner under the country's laws to protect the marine ecosystem.

A fire broke out in the engine room of the Greek-owned New Diamond tanker on Sept. 3. The fire was believed to have been extinguished on Sunday but reignited a day later.

The very large crude carrier was chartered by Indian Oil Corp to import oil to Paradip in eastern India from Kuwait.

New Shipping Ltd, the manager of the Panama-flagged New Diamond, has appointed SMIT Singapore Pte Ltd to lead salvage operations.

(Editing by Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
INDIAN OIL CORPORATION LIMITED -5.20% 72 Delayed Quote.-39.51%
LONDON BRENT OIL 0.31% 41.89 Delayed Quote.-36.73%
WTI 0.00% 40.278 Delayed Quote.-35.93%
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All news about INDIAN OIL CORPORATION LIMITED
02:25pIndia's August crude processing drops as raging virus cases dim demand
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07:08aFire-hit supertanker owner to pay $1.8 million for Sri Lanka's help
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09/16INDIAN OIL : Sri Lanka seeks at least $1.9 mln damage from owner of fire-hit tan..
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09/11Salvage team working to stop fuel leak from fire-hit supertanker
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09/11INDIAN OIL : Union Petroleum Minister inaugurates 56 CNG stations across 13 Stat..
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09/08INDIAN OIL : Sri Lanka spots oil slick from fire-stricken supertanker
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09/08Sri Lanka spots oil slick from fire-stricken supertanker
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Financials
Sales 2021 3 286 B 44 463 M 44 463 M
Net income 2021 99 144 M 1 342 M 1 342 M
Net Debt 2021 1 206 B 16 317 M 16 317 M
P/E ratio 2021 6,72x
Yield 2021 7,35%
Capitalization 661 B 8 946 M 8 945 M
EV / Sales 2021 0,57x
EV / Sales 2022 0,43x
Nbr of Employees 32 803
Free-Float 24,2%
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Technical analysis trends INDIAN OIL CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 116,45 INR
Last Close Price 72,00 INR
Spread / Highest target 171%
Spread / Average Target 61,7%
Spread / Lowest Target -9,72%
EPS Revisions
Managers
NameTitle
Shrikant Madhav Vaidya Chairman
Sandeep Kumar Gupta Chief Financial Officer & Finance Director
S. S. V. Ramakumar Director & Director-Research & Development
Govind Kottieth Satish Director, Director-Planning & Business Development
Vinoo Mathur Independent Non-Executive Director
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1st jan.Capitalization (M$)
INDIAN OIL CORPORATION LIMITED-39.51%9 479
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